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Mid-year 'cost of living' payment

Sophie

Hi everyone, 

I was wondering what others thoughts were on paying a one off payment mid-year to help with the rise in the cost of living.

Also if and what other companies were doing to help with the rise of cost of living.

Thanks

Parents
  • We usually do inflationary pay reviews in June, linked to the May CPIH %. This year, to acknowledge the pressure everyone is under financially, we brought the review forward to April (using the March CPIH of 5.5, which was almost immediately beaten by April’s…!).

    We will potentially review again in September, and make a further inflationary review at that point if (when) CPIH has further increased.

    We haven’t offered any one-off payments.
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  • We usually do inflationary pay reviews in June, linked to the May CPIH %. This year, to acknowledge the pressure everyone is under financially, we brought the review forward to April (using the March CPIH of 5.5, which was almost immediately beaten by April’s…!).

    We will potentially review again in September, and make a further inflationary review at that point if (when) CPIH has further increased.

    We haven’t offered any one-off payments.
Children
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